Ripple, the world’s third-largest cryptocurrency by market cap, has announced a new partnership with UK remittance firm Xendpay. The London-based firm will now become a part of Ripple’s global settlement platform, RippleNet, according to a press release issued today. Joining RippleNet will now allow Xendpay access to markets in Bangladesh, Malaysia, the Philippines, Vietnam, Indonesia,
Month: August 2019
This ranch-style home in Ojai, California mixes frontier charm with contemporary design. Douglas Elliman Aside from the boutique hotels and hip art galleries, Ojai, California is virtually Los Angeles’ frontier—chock-full of ranches, horse trails, and arresting heroes ready to claim their stake in town. For its 7,500-plus residents, life here represents a change of pace, a
With fears about a possible recession on the horizon, people are coming up with different ways to get their hands on some cash. Some may even be thinking about taking out a home equity line of credit as an insurance policy in case the economy goes south. Those concerns were renewed on Thursday when a
Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Arturo Estrella, the economist who first discovered the predictive power of the yield curve, has a message for recession naysayers: It could hit sooner than you think. “It’s been 50 years and 7 recessions with a perfect record,” Estrella told
Bitcoin is taking a hit this morning and fell over 8% to below $9,800. Here is the key driver. Tech giant Facebook (NASDAQ:FB) announced in June that it was going to launch its own cryptocurrency named Libra and ever since the announcement, the crypto market has been in a bit of turmoil. It attracted attention from
The Takeaway: Experts say Hamas is now using bitcoin for cross-border fundraising at an unprecedented rate. Still, even the largest estimates of terror financing in the region are apparently dwarfed by civilian bitcoin usage in the Gaza Strip, local experts tell CoinDesk. General awareness in Palestine of bitcoin and ethereum has increased since 2018. Freelance
One factor that makes responsible investing difficult for investors is the linguistic anarchy that surrounds it. Investors, asset managers and advisers tend to liberally apply terms like ESG, even when it may not fully reflect the investment strategy or fund in question. The resulting terminology soup unfortunately provides the perfect breeding ground for investor confusion
Puerto Rico Gov. Wanda Vázquez Garced named Puerto Rico Senator Zoé Laboy Wednesday to fill the open position of chief of staff and Elí Díaz Atienza to fill the role as governor’s representative to the Oversight Board. “I’m proud to have Zoé Laboy and Elí Díaz Atienza as part of our team,” the governor said.
The assigned liquidator for the collapsed New Zealand-based cryptocurrency exchange Cryptopia says it’s making progress in determining customer holdings, but that the management of user funds by the exchange has caused delays. Professional services firm Grant Thornton New Zealand was assigned to oversee the liquidation process in May, after the exchange had failed to recover from
Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE) on August 6, 2019. Drew Angerer | Getty Images Corporate America’s aggressive program of buying back stock slowed in the second quarter. Data provided by Standard & Poor’s indicates that corporate buybacks totaled $166 billion in
A Nordstrom store in Irvine, California Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shares of Nordstrom surged 11% in extended trading after the retailer posted a strong profit despite weakening second-quarter sales. The company reported adjusted earnings per share of 90 cents on revenue of $3.87 billion. Analysts had expected
Controversial crypto platform Tether is planning on launching a Chinese Yuan-pegged stablecoin, according to reports in China today. Tether’s Fourth Stablecoin The stablecoin, which will be known as CNHT, will be the fourth stablecoin in Tether’s portfolio after ones backed to the US dollar (USDT), Euro (EURT) and the Japanese Yen (JPYT). The company’s plans
Victoria’s Secret sales and profit continue to decline, showing no sign of reprieve. (Photo by Bob Levey/Getty Images for Victoria’s Secret) Getty Images for Victoria’s Secret Victoria’s Secret’s fall from grace has no sign of easing, and the turnaround of the once hot label looks to remain a matter of if, and not when. Comparable
Alistair Berg | Getty Images A key indicator for the commercial real estate market is showing signs of weakness, and uncertainty in the economy over the trade war, markets and interest rates may be to blame. The American Institute of Architects’ architecture billings improved slightly, though barely in positive territory, as demand for design services
Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve’s two-day Federal Open Market Committee Meeting in Washington, July 31, 2019. Sarah Silbiger | Reuters Federal Reserve members worried over future growth are highly concerned about the U.S.-China tariff battle, citing the issue multiple times during discussions at the central bank’s July
After 39 years in public service, Long Beach, California’s city manager has announced he will resign and shift to the private sector. Pat West, 65, who made the announcement last week, said his last day will be Sept. 20. “What better time to make an exit then after the christening of the Civic Center and
Wall Street’s self-regulatory organization (SRO) has green-lit a new blockchain-powered securities trading platform. The Financial Industry Regulatory Authority (FINRA) has approved the membership application of IOI Capital and Markets, which plans to act as a placement agent for privately placed, digital securities on a permissioned Hyperledger Fabric blockchain. Co-founders Rashad Kurbanov and Hamid Gayibov have been
A technician inspects LEDs under a microscope at a Cree facility in Research Triangle Park in Durham, North Carolina. Jim R. Bounds | Bloomberg | Getty Images Check out the companies making headlines after the bell: Shares of the lighting and LED company Cree fell as much as 7% in after-hours trading after the company’s
INX ltd, a crypto exchange startup, has announced plans to raise up to $130 million USD through an Initial Public Offering (IPO). INX has developed a regulated platform for cryptocurrency trading and an alternative trading system for security tokens, which it hopes will become a one-stop-shop crypto services platform. The move to raise money through an
Seton Castle was built in 1789 by starchitect Robert Adam. Savills A castle in Scotland with 13 bedrooms, a gym, billiard room, private tavern, stables, cinema and helipad is for sale for £8 million. Seton Castle, a 13-bedroom mansion built with the remnants of a palace used by Mary Queen of Scots, has just been
Getty Images Got extra stuff? Got extra space? A new company is ready to make a match. Neighbor, based in Salt Lake City, UT, connects homeowners online with people who need storage space. Its CEO says the barely two-year-old company is already seeing 500% annual growth. “Currently there are more storage facilities in the US
A City Carrier Assistant to the United States Postal Service, unloads her mail truck after collecting mail on the busiest mailing day of the year for the U.S. Postal Service in Miami, Florida. Joe Raedle | Getty Images As investors look for reliable income streams in a world of falling bond yields, Bank of America
Since the infamous day of 2017, when Bitcoin went on its incredible run, there has been talk of the introduction of a financial exchange backed by the world’s biggest cryptocurrency. One of the instruments that have been spoken about by crypto experts for many years are crypto futures from Bakkt, but delay after delay stopped
Michigan is backing off its hard-line stance of demanding a struggling public school district close its high school. The state now intends to implement a working group that will develop a long-term solution to resolve the financial and academic crisis at Benton Harbor Area Schools. The district is dealing with an $18.4 million deficit, declining
Stocks are bouncing higher but could be trapped in a range until there’s a resolution of the trade wars and an end to the uncertain shadow it is casting over business confidence and the economy. The S&P 500, up 1.2% at 2,923 Monday, is now 3.5% off its July 26 highs, as the market reacts
Telegram’s eagerly awaited blockchain, Telegram Open Network (TON), is set to be launched on October 31. However, the yet-to-be issued tokens are already trading on an unauthorized secondary market. Purchase Agreement Does Not Allow For Resale Investors are already seeing returns as high as 400% on Telegram tokens, known as grams; however, secondary buyers run
View Bitcoin has risen by $1,000 since Friday’s announcement by Bakkt exchange that it will be launching physically-settled bitcoin futures on Sept. 23. The price rise has neutralized the bearish setup on the intraday charts seen last week. The gains could be extended further to $11,000, as the hourly chart is reporting a bullish continuation
Share to facebook Share to twitter Share to linkedin Starchitect Rafael Viñoly is known for his skyscrapers, but in 1990 he designed this concrete, steel and glass residence in Connecticut. Bernadette Queenan Architect Rafael Viñoly is known for designing the tallest residential structure in the Western Hemisphere, though one of his more modest, but rare,
Former SEC Chairman Harvey Pitt on Monday questioned the motivation of Harry Markopolos, the Bernie Madoff whistleblower who unveiled a long list of allegations against General Electric last week in an investigation for a short seller. “One of the ways you can test Markopolos’ bonafides, however, is the fact that the SEC has a whistleblower
Federal Reserve Bank of Minneapolis President Neel Kashkari said recession risks have risen “quite a bit” and the central bank should be ready to cut interest rates again to protect the U.S. economy. Federal Reserve Bank of Minneapolis President Neel Kashkari Bloomberg News “It is better to be early and aggressive if you see a
- « Previous Page
- 1
- 2
- 3
- 4
- 5
- …
- 8
- Next Page »